Hoa Phat records 78-percent growth in steel pipe export
Steel maker Hoa Phat has reported that the export of steel pipe products produced by its subsidiary - Hoa Phat Steel Pipe Co., Ltd - in the first five months of 2020 surged by 78 percent year-on-year despite the COVID-19 pandemic.
Hanoi (VNA) - Steelmaker Hoa Phat has reported that the export of steel pipe productsproduced by its subsidiary - Hoa Phat Steel Pipe Co., Ltd - in the first fivemonths of 2020 surged by 78 percent year-on-year despite the COVID-19 pandemic.
Accordingly, key products of the firm imported by foreign partners in theperiod were black steel pipes, hot-dipgalvanized steel pipes, and galvanisedsteel pipes.
Along with boosting exports, Hoa Phat Steel Pipe Co., Ltd. has also introduced newproducts and diversified types of steel pipes to serve the demand of customers.
Thanks its efforts, Hoa Phat has still maintainedexport revenue despite the COVID-19 outbreak, which negatively affected importactivities in many countries worldwide.
High quality products of the firm have been sold in the US, Canada,Australia, Mexico and other Southeast Asian countries.
In 2019, Hoa Phat’s steel export volume increased by 17percent compared to the previous year, reaching 19,100 tonnes./.
Hoa Phat Group exported more than 265,000 tonnes of construction steel in 2019, up 11.3 percent year on year, the multi-sectoral conglomerate reported.
Hoa Phat Group, the largest steel maker in the country, exported over 40,000 tonnes of construction steel in February, almost tripling that of the same period last year.
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